Principles of Financial Economics

Principles of Financial Economics

Author: Stephen F. LeRoy

Publisher: Cambridge University Press

Published: 2014-08-11

Total Pages: 371

ISBN-13: 131606087X

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This second edition provides a rigorous yet accessible graduate-level introduction to financial economics. Since students often find the link between financial economics and equilibrium theory hard to grasp, less attention is given to purely financial topics, such as valuation of derivatives, and more emphasis is placed on making the connection with equilibrium theory explicit and clear. This book also provides a detailed study of two-date models because almost all of the key ideas in financial economics can be developed in the two-date setting. Substantial discussions and examples are included to make the ideas readily understandable. Several chapters in this new edition have been reordered and revised to deal with portfolio restrictions sequentially and more clearly, and an extended discussion on portfolio choice and optimal allocation of risk is available. The most important additions are new chapters on infinite-time security markets, exploring, among other topics, the possibility of price bubbles.


Financial Economics

Financial Economics

Author: Thorsten Hens

Publisher: Springer Science & Business Media

Published: 2010-07-01

Total Pages: 377

ISBN-13: 3540361480

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Financial economics is a fascinating topic where ideas from economics, mathematics and, most recently, psychology are combined to understand financial markets. This book gives a concise introduction into this field and includes for the first time recent results from behavioral finance that help to understand many puzzles in traditional finance. The book is tailor made for master and PhD students and includes tests and exercises that enable the students to keep track of their progress. Parts of the book can also be used on a bachelor level. Researchers will find it particularly useful as a source for recent results in behavioral finance and decision theory.


Who Creates New Firms When Local Opportunities Arise?

Who Creates New Firms When Local Opportunities Arise?

Author: Shai Bernstein

Publisher: International Monetary Fund

Published: 2018-09-28

Total Pages: 73

ISBN-13: 1484377834

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New firm formation is a critical driver of job creation, and an important contributor to the responsiveness of the economy to aggregate shocks. In this paper we examine the characteristics of the individuals who become entrepreneurs when local opportunities arise due to an increase in local demand. We identify local demand shocks by linking fluctuations in global commodity prices to municipality level agricultural endowments in Brazil. We find that the firm creation response is almost entirely driven by young and skilled individuals, as measured by their level of experience, education, and past occupations involving creativity, problem-solving and managerial roles. In contrast, we find no such response within the same municipalities among skilled, yet older individuals, highlighting the importance of lifecycle considerations. These responsive individuals are younger and more skilled than the average entrepreneur in the population. The entrepreneurial response of young individuals is larger in municipalities with better access to finance, and in municipalities with more skilled human capital. These results highlight how the characteristics of the local population can have a significant impact on the entrepreneurial responsiveness of the economy.


Financial Economics

Financial Economics

Author: Antonio Mele

Publisher:

Published: 2022

Total Pages:

ISBN-13: 9780262369411

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"Comprehensive overview of the current state of knowledge in financial economics, appropriate for graduate-level research"--


Financial Economics

Financial Economics

Author: Frank J. Fabozzi

Publisher: Wiley Global Education

Published: 2012-04-13

Total Pages: 774

ISBN-13: 1118213459

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Financial Economics, by Frank Fabozzi, Ted Neave, and Gaofu Zhou, presents an introduction to basic financial ideas through a strong grounding in microeconomic theory. This calculus based text explores the theoretical framework for analyzing the decisions by individuals and managers of firms, an area which is coming to both financial economics and microeconomics. It also explores the interplay of these decisions on the prices of financial assets. The authors provide rigorous coverage aimed at assisting the undergraduate and masters-level students to better understand the principles and practical application of financial economic theory. In addition, the book serves as a supplemental reference for doctoral students in economics and finance, as well as for practitioners who are interested in knowing more about the theory and intuition behind many coming practices in finance. In short, the book focuses on economic principles and on putting these principles to work in the various fields of finance - financial management, investment management, risk management, and asset and derivatives pricing.


Consumer Behavior, Organizational Strategy and Financial Economics

Consumer Behavior, Organizational Strategy and Financial Economics

Author: Mehmet Huseyin Bilgin

Publisher: Springer

Published: 2018-03-30

Total Pages: 362

ISBN-13: 3319762885

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This volume presents selected articles from the 21st Eurasia Business and Economics Society (EBES) Conference, which was held in Budapest (Hungary) in 2017. The theoretical and empirical papers in this volume cover various areas of business, economics, and finance from a diverse range of regions. In particular, this volume focuses on the latest trends in consumer behavior, new questions in the development of organizational strategy, and the interaction of financial economics with industrial economics and policy.


Numeral Classifiers and Classifier Languages

Numeral Classifiers and Classifier Languages

Author: Chungmin Lee

Publisher: Taylor & Francis

Published: 2021-02-17

Total Pages: 285

ISBN-13: 1351679600

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Focusing mainly on classifiers, Numeral Classifiers and Classifier Languages offers a deep investigation of three major classifier languages: Chinese, Japanese, and Korean. This book provides detailed discussions well supported by empirical evidence and corpus analyses. Theoretical hypotheses regarding differences and commonalities between numeral classifier languages and other mainly article languages are tested to seek universals or typological characteristics. The essays collected here from leading scholars in different fields promise to be greatly significant in the field of linguistics for several reasons. First, it targets three representative classifier languages in Asia. It also provides critical clues and suggests solutions to syntactic, semantic, psychological, and philosophical issues about classifier constructions. Finally, it addresses ensuing debates that may arise in the field of linguistics in general and neighboring inter-disciplinary areas. This book should be of great interest to advanced students and scholars of East Asian languages.


Advances in Financial Economics

Advances in Financial Economics

Author: Kose John

Publisher: Emerald Group Publishing

Published: 2013-12-18

Total Pages: 269

ISBN-13: 1783501219

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Advances in Financial Economics Vol. 16 contains a set of empirical papers by a set of global scholars who examine corporate governance and market regulation from a variety of perspectives.


Solutions to Financial Economics

Solutions to Financial Economics

Author: Thorsten Hens

Publisher: Springer Nature

Published: 2019-10-25

Total Pages: 211

ISBN-13: 3662598892

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This book offers a concise introduction to the field of financial economics and presents, for the first time, recent behavioral finance research findings that help us to understand many puzzles in traditional finance. Tailor-made for master’s and PhD students, it includes tests and exercises that enable students to keep track of their progress. Parts of the book can also be used at the bachelor level.